BCI Beautiful Compounding Investment, page-783

Interesting little titbits, although not looking like good tonnage from IV, from MIN's Quarterly, out today.

Nothing specific to BCI and IV was not even mentioned, once again, however.....

Q2 KEY POINTS
* (Overall) Iron ore shipments were 4.1M wet metric tonnes (wmt) during the quarter, down 9% qoq, in line with the mine planand FY23 guidance (17.2 – 18.8M wmt).

* Average realised iron ore price was US$97 per dry metric tonne (dmt), 33% higher qoq and represents a 98% realisation to the Platts 62% IODEX. (better than i expected....)

UTAH POINT HUB
Mined = 2,812
Produced = 3,305
Shipped = 2,212 (down 23% on previous quarter)
During the quarter, iron ore production and shipments across both hubs were in line with the mine plan and FY23 guidance (17.2 – 18.8M wmt).
The average realised iron ore price for the quarter was US$97 per dry metric tonne (dmt), 33% higher qoq and representing a 98% realisation of the Platts 62% IODEX.
MinRes has successfully completed the transition of its iron ore sales portfolio from a final quotation period of two months post shipment to a period of one month post shipment. (this is positive)

ONSLOW IRON PROJECT (the old WPIOP, including Buckland and Kumina Deposits for which Royalties are due to BCI)
Commentary - Construction progressing at the Ken's Bore Mine Site, with good progress on Airport, Accommodation and supporting roads/infrastructure.


Based on those declared 'Shipped tonnes' out of Utah, I'm not holding my breath for any significant contribution from IV this past quarter.

Enjoy your Aussie Day, wherever in this great land you be!!!

GLTAH.